Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$238,349$238,349$265,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$27,151$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.653%7.640%
1st payment$1,624.89$1,624.89$1,838.27
2nd payment$0.00$203.63$0.00
Taxes / mo$148.42$148.42$148.42
Insurance / mo$150.00$150.00$150.00
MI / mo$112.51$112.51$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,035.81$2,239.44$2,189.79
Cash to close$56,651$29,500$29,500